accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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Living on campus Vs. Living off campus Do I live on campus or do I live off campus? Thousands of high school seniors make this decision every year. There are definite pros and cons to either choice. Consider living and study preferences to help make the choice. The most important factors to weigh in making the decision are cost‚ transportation‚ and independence. First of all‚ cost is a very important factor when making this decision. The cost of living on campus can be up to thirty-five percent
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Unhealthy Living 1. Introduction Unhealthy lifestyles are becoming even more popular today than they were before. Common unhealthy lifestyles include smoking‚ sleeping so late‚ eating unhealthy foodstuffs‚ spending so much time in front of the TV or computer‚ and more. Sure‚ these things can spell fun and entertainment but what about your health? Isn’t it far more important than anything else? Without good health‚ it would be absolutely impossible to do the things you love to do. So today im
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Introduction In this analysis I will be looking at how the effect that the higher university fees introduced in 2012 has had on the UK economy. I’ll be analysing the social‚ economical and political effects of the topic explaining a short part of the system and the different points of views including my own. What is tuition fee? Tuition is a fee paid for instruction which is especially seen in higher education. [ (longman‚ 2008) ]Tuition fees; was introduced in 1998 around the whole of the
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| Rural vs Urban Living by x22x33x9 in Subcultures‚ March 20‚ 2009 Differences between urban land and rural land. There are many distinct characteristics that allow us to easily differentiate between rural and urban areas. Urban areas have a high (concentrated) density because it contains high amounts of people in small areas‚ and vice versa for rural areas. With this information‚ it can easily be inferred that urban areas create greater noise‚ but with greater job opportunities as well as
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people can enjoy their nights with family and friends. The city had many more hospitals and education systems than in the country. Second‚ in the city‚ the quality of life is much better than in the country. For instance‚ the quality of education is high due to the availability of technology and modern teaching methods. Additionally‚ transport systems are more convenient for people. We are able to go wherever we want quickly and easily. Finally‚ when we live in the city‚ we have more opportunities
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KULIT – Living with Psoriasis PDM Campaign 2007 (Article 6 – ‘T’ – Treatment) Yes‚ psoriasis can be treated This six-part KULIT article series by the Persatuan Dermatologi Malaysia aims to raise awareness of psoriasis. In this final article‚ PDM President Dr Allan K C Yee highlights an important message for people with psoriasis – there is no cure yet for psoriasis‚ but its symptoms can be effectively treated and managed. Be open-minded and willing to work with your doctor to find a treatment
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University Of Ilorin‚ Department of Biochemistry (300Level) 02/10/2012 sustainable living Sustainable living is a lifestyle that attempts to reduce an individual ’s or society ’s use of the earth ’s natural resources and his/her own resources. Practitioners of sustainable living often attempt to reduce their “carbon footprint” by altering methods of transportation‚ energy consumption and diet. Proponents of sustainable living aim to conduct their lives in ways that are consistent with sustainability‚ in
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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